HUMMER has bidders, next Saab to be built in N.A.
General Motors CEO, Rick Wagoner, mentioned in passing that several parties have expressed interest in purchasing HUMMER and that GM is moving as quickly as possible to seal the deal. "We have some interested buyers," Wagoner told reports while attending the opening of a new GM engineering and development center.
The sale of HUMMER would help fund GM's attempt to boost liquidity to the tune of $15 billion by the end of 2009. Other brands could be cut or paired down, but Wagoner insists that Saab will continue to soldier on. "Saab is a critical part of our European portfolio and has the potential to be quite a good moneymaker for us." He went on to say that the next Saab will be built in North America, although it wasn't divulged what model would be produced or where.
[Source: Reuters]
Reader Comments (Page 1 of 1)
Alex 4:08PM (7/25/2008)
Its the 9-4x...
Saab could be turned around as a money maker for GM. They may not appeal to the masses but they have a strong standing among groups of people (Yuppies) that would never consider other GM products. YOu don't see Saabs all over the place but there are pockets of the country (mainly the east coast and more upscale urban areas) where they are just as common as audis, VWs, BMWs, Volvos, etc. Those are all brands GM has not competed well with.
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ChopperDave 5:04PM (7/25/2008)
"They may not appeal to the masses but they have a strong standing among groups of people (Yuppies) that would never consider other GM products."
As a Northeastern yuppie with two 9-3s in the garage, I couldn't agree more, Alex. The only other GM product I would consider is the upcoming Insignia, provided its soul doesn't get lost in translation.
MajorGeek 4:11PM (7/25/2008)
Hoping for a decision soon, I skipped buying an 08 because of uncertainy in where the brand was going. I have until spring now.
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MechEng 4:17PM (7/25/2008)
Does anyone know when the next generation smaller 9-3 is slated for production? That is a car I would certainly like to try out.
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Raj 4:25PM (7/25/2008)
Probably not for awhile. The very recent decision to move the 9-3 over to the smaller Delta platform (instead of the Epsilon 2) and to move production to Trollhattan (instead of Russelsheim, Germany) had to have set things back. I'm guessing 2011-2012 timeframe.
2007RC46SP2 4:23PM (7/25/2008)
introducing the all new Tata H4
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Joce03 8:24PM (7/25/2008)
HA! Good one!
CORVETTE ZR1 4:56PM (7/25/2008)
This is the result of Stupid ass soccer moms and dumb rapers... the Hummer H2 is supposed to be a hardcore of road vehicle... not some for some stupid raper to put 30 inch rims on it... well Hummers were cool when they lasted i still got my H2 that i go off roading in every weekend... so im not complying...
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azzo45 4:59PM (7/25/2008)
"Dumb rapers"... God I hope you mean "rappers" unless your "rapers" are messin' with those "stupid soccer moms"!
Besides, I thought "soccer moms" drove mini-vans??
CORVETTE ZR1 5:04PM (7/25/2008)
No nowadays they drive Hummers... around and give them a bad name...
Oh p.s. sorry about the missing "P"
Alex 5:07PM (7/25/2008)
No it was never meant to be a true off road vehicle, that's the H1. The H2 has always been a car for wannabes. There are so many other SUVs that can outperform the H2 off road as well as on road.
MONTE 1:43AM (7/26/2008)
Hardcore offroad vehicle, are you feeling ok? It is a Tahoe, and no one on Earth would consider that a serious offroad vehicle. By offroad do you mean a boat ramp?
CORVETTE ZR1 11:05AM (7/27/2008)
I use my Hummer H2 to go off-roading every weekend... so yeah im fine. and i do mean hardcore of road vehicle. and no not a boat ramp i use my Silverado for that. lol...
jzxjzr 4:58PM (7/25/2008)
I just hope some American company buys Hummer and turns them into a low volume true off road brand.
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black 5:00PM (7/25/2008)
I wonder who actually bought Hummer...a Chinese company?
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muchomango 5:03PM (7/25/2008)
Hmmm......After reading the article about Chrysler not offering leases any more it seems almost certain that it is only a matter of time before they go bankrupt. Perhaps GM is unloading HUMMER in preparation to purchase the Jeep brand? This certainly doesn't seem like the worst financial decision, as there are many more hardcore Jeep enthusiasts than Hummer lovers out there, and everyone knows that Americans would rather see Jeep in American hands. Thoughts?
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GMsucks 2:45AM (7/26/2008)
GM stinks, this from a former GM loyalist.
Wagoner is an idiot. Hummer sells the ONLY GM vehicle I would consider buying so what does he want to do? Sell it!
Saab has NOTHING I would ever consider buying - and this goes for the last 25 years, and what does genius wagoner want to do? Keep it!
The guy has lost how much market share, how much value and they still keep this loser around?!
This is why GM is done. Buh bye. I am waited and waited for you to get it right and its been too little too late.
See ya.
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42 9:55AM (7/26/2008)
An American-built Saab? I wonder if that'll be a Malibu with a different nose and the ignition between the seats... "Eh, what the hell, the rubes'll never know the difference. Ship it!"
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